Fuel prices rise sharply as Nayara Energy hikes petrol and diesel rates nationwide

India witnessed a sharp rise in fuel prices as Nayara Energy increased petrol rates by ₹5.30 per litre and diesel by ₹3 per litre across the country. The hike triggered panic buying in several states, with long queues forming at petrol pumps due to fears of a possible fuel shortage.

Fuel prices surge across India amid global tensions

The price surge comes amid escalating tensions linked to the Iran–US conflict, which has disrupted global oil supplies. Reports indicate that attacks on energy facilities and restrictions around the Strait of Hormuz have significantly impacted fuel availability worldwide.

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Cities like Hyderabad reported some of the highest fuel prices, with petrol reaching ₹107.46 per litre and diesel at ₹95.70 per litre. Other major cities such as Mumbai, Kolkata, and Bangalore also saw petrol prices crossing the ₹100 mark.

Amid growing concerns, people rushed to refuel their vehicles, especially in regions like Guwahati, where panic buying intensified following social media rumours about shortages. Despite this, the government assured citizens that there is no immediate fuel crisis.

Meanwhile, Asaduddin Owaisi criticised the government for failing to prepare adequately for the ongoing energy crisis. He claimed that insufficient strategic petroleum reserves and disruptions in fuel and fertiliser supply could lead to further price hikes after upcoming elections.

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